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July 15, 2019

Top Longs Based on Momentum

a0a
tickernamecountrysectorPeriodChange
2331LI NING LTDChinaConsumer Discretionary43.86
NIONIO AMERICAN DEPOSITARY SHARES REPChinaConsumer Discretionary33.33
000858WULIANGYE YIBIN LTD AChinaConsumer Staples31.17
000858WULIANGYE YIBIN LTD AChinaConsumer Staples31.17
000568LUZHOU LAO JIAO LTD AChinaConsumer Staples28.56
1177SINO BIOPHARMACEUTICAL LTDChinaHealth Care27.27
1177SINO BIOPHARMACEUTICAL LTDChinaHealth Care27.27
BZUNBAOZUN ADR REPRESENTING INC CLASSChinaConsumer Discretionary26.21
3323CHINA NATIONAL BUILDING MATERIAL LChinaMaterials23.68
772CHINA LITERATURE LTDChinaCommunication23.00

Top Shorts Based on Momentum

9d3
tickernamecountrysectorPeriodChange
607FULLSHARE HOLDINGS LTDChinaIndustrials-50.00
000898ANGANG STEEL LTD AChinaMaterials-26.39
601155SEAZEN HOLDINGS LTD AChinaReal Estate-25.14
601229BANK OF SHANGHAI LTD AChinaFinancials-22.42
1030FUTURE LAND DEVELOPMENT HOLDINGS LChinaReal Estate-19.64
2359WUXI APPTEC LTD HChinaHealth Care-18.74
HCMHUTCHISON CHINA MEDITECH ADR REPREChinaHealth Care-16.35
3888KINGSOFT CORP LTDChinaInformation Technology-15.20
268KINGDEE INT L SOFTWARE GROUP LTDChinaInformation Technology-13.33
NOAHNOAH HOLDINGS ADR REPRESENTING .5ChinaFinancials-12.76
18c3
MLIndexnameytd1monthFy1PE
XIN9I Index FTSEFTSE CHINA A5032.839.429.4
MSCHANL Index MSCIMSCI Daily TR Net China30.758.41-
CHIQ Index Solactive (Structured SolutionSolactive China Consum T28.7212.82-
SZSMEC Index Shenzhen Stock ExchangeCHINA SHENZ SM EN CO IDX22.046.21-
HXCX Index NASDAQ Global MarketGolden Dragon China TR21.169.2419.1
M7CN Index MSCIMSCI CHINA NR15.009.6910.8
NDEUCHF Index MSCIMSCI Daily TR Net China14.969.7010.8
STBCCNU Index Standard & Poor'sS&P China BMI TR USD14.849.6510.5
NDELCHF Index MSCIMSCI Daily TR Net China14.639.2110.8
M1CN40 Index MSCIMSCI CHINA 1040 NR14.389.3710.1
MN40CIE Index MSCIMSCI China 10-40 Index D14.079.24-
MXCNX Index MSCIMSCI CHINA FREE13.268.7310.8
MSEUSCF Index MSCIMSCI China USD13.228.7410.4
GPSSG239 Index FTSEFTSE Greater China HKD11.597.58-
HSI21N Index Hang Seng Bank LtdHang Seng China Ente NR11.468.148.0
DJICHK Index Dow JonesDJIM ChinaHK Ind11.457.7014.2
MSCHHNU Index MSCIMSCI China H Net TR USD11.087.97-
TXINOUU Index FTSEFTSE China 50 TR USD11.078.998.1
CHIMAT Index Solactive (Structured SolutionSolactive China Material11.009.38-
TXIN0UNU Index FTSEFTSE China 50 Net TR10.808.828.1

Commodities YTD Performance

1f40
NameUnitsKeyLastPriceCurrencyYTDChange USDpct1month
Brent Crude (ICE)USD/bbl.Oil66.91USD33.237.11
Palladium SpotUSD/t oz.Palladium1558.10USD24.1612.45
Ethanol (CBOT)USD/gal.Ethanol1.55USD22.055.44
NickelUSD/MTNickel13085USD18.7912.90
Lean Hogs (CME)USd/lb.Lean Hogs0.716USD18.74-16.94
Corn (CBOT)USd/bu.Corn4.4775USD18.538.28
Rough Rice (CBOT)USD/cwtRough Rice11.90USD13.331.45
Gold SpotUSD/t oz.Gold1409.22USD10.676.09
Cocoa (ICE)USD/MTCocoa2491.00USD7.60-0.48
Lumber (CME)USD/1000 board feetLumber355.80USD5.149.71
Coffee 'C' (ICE)USd/lb.Coffee1.0695000000000001USD4.658.47
Rubber (Tokyo)JPY/kgRubber175.50JPY4.53-14.31
Platinum SpotUSD/t oz.Platinum825.97USD4.092.40
Soybean (CBOT)USd/bu.Soybean9.17USD2.237.41
Silver (Comex)USD/t oz.Silver15.16USD1.613.34
Copper (Comex)USd/lb.Copper2.693USD1.470.43
Oats (CBOT)USd/bu.Oats2.7875USD1.09-5.51
Wheat (CBOT)USd/bu.Wheat5.2075USD0.823.53
Sugar #11 (ICE)USd/lb.Sugar0.12380000000000001USD-0.16-0.16
SteelUSD/MTSteel464USD-0.22-2.52
3Mo Zinc (LME)USD/MT3Mo Zinc2428.00USD-1.86-1.94
Cocking CoalCNY/MTCocking Coal1374 CNY-1.930.29
Feeder Cattle (CME)USd/lb.Feeder Cattle1.4263USD-2.012.01
3Mo Aluminum (LME)USD/MT3Mo Aluminum1828.00USD-3.432.99
3Mo Tin (LME)USD/MT3Mo Tin18345.00USD-5.32-4.65
Canola (ICE)CAD/MTCanola445.40CAD-7.88-3.80
Live Cattle (CME)USd/lb.Live Cattle1.0933USD-10.952.85
Cotton #2 (ICE)USd/lb.Cotton0.6331USD-12.74-3.71
Orange Juice (ICE)USd/lb.Orange Juice1.0255USD-19.850.89
Natural Gas (Nymex)USD/MMBtuNatural Gas2.41USD-32.301.69

Country USD Yields Ordered By YTD Yield Change

1f40
countryYieldYieldChange
Zambia14.938.53
Jamaica12.005.94
Argentina9.793.98
Lebanon10.543.16
Turkey7.381.90
Tunisia7.331.54
Switzerland8.451.31
Sri Lanka6.211.24
Oman5.780.83
Cote D'Ivoire (Ivory Coast)6.370.67
Senegal6.070.55
Gabon6.570.52
Kazakhstan5.260.49
Israel5.940.49
Trinidad and Tobago4.400.24
India4.790.23
China5.050.21
Ecuador7.040.17
Italy5.140.16
El Salvador6.670.15
Mexico4.670.06
Lithuania2.490.02
Egypt6.030.00
Ghana6.03-0.08
United States5.28-0.08
Ukraine6.68-0.11
Romania3.21-0.12
Slovak Republic2.36-0.12
Singapore3.86-0.17
Dominican Republic4.74-0.19
Costa Rica5.92-0.19
Bolivia4.76-0.22
Belgium5.18-0.22
Nigeria5.65-0.23
Vietnam3.48-0.23
Russian Federation4.28-0.24
Ethiopia5.57-0.24
Jordan5.93-0.26
Morocco3.67-0.28
Indonesia3.69-0.30
Saudi Arabia4.39-0.31
Uruguay3.39-0.32
Hong Kong3.65-0.32
Serbia2.82-0.35
Malaysia3.24-0.36
Kuwait3.39-0.38
Panama3.84-0.39
Taiwan3.00-0.45
Peru3.65-0.46
Guatemala4.27-0.46
Paraguay4.69-0.47
South Africa4.50-0.48
Kenya5.20-0.49
Philippines2.92-0.50
Angola6.48-0.50
Ireland4.49-0.52
Netherlands4.33-0.52
Iraq5.86-0.53
Hungary2.72-0.53
Poland2.21-0.54
Chile3.75-0.58
Mongolia4.84-0.58
Macau4.45-0.58
United Arab Emirates3.60-0.62
Pakistan5.50-0.64
Finland3.38-0.66
Qatar3.16-0.67
Korea (South)3.07-0.74
Thailand3.32-0.75
Croatia (Hrvatska)2.54-0.80
Brazil4.25-0.81
Canada4.74-0.87
United Kingdom3.95-0.87
Australia3.80-0.89
Colombia3.68-0.90
Azerbaijan3.82-0.94
Bahrain5.33-0.98
France5.66-1.01
Sweden2.86-1.18
Germany3.63-1.51
Luxembourg7.53-2.14
Venezuela0.00-53.30
7b

CHINA China's Stock Market Is Flashing Too Many Warning Signs

Sector Performance in CHINA Last Month

4af
sectorPeriodChange
Consumer Staples10.60
Consumer Discretionary8.13
Health Care6.71
Real Estate6.45
Utilities4.83
Communication3.38
Financials2.98
Industrials2.83
Materials2.62
Energy2.48
Information Technology-64.14

Valuation and Growth of Various Sectors in CHINA

80a
SectorPEFy0PEFy12019Growth
Utilities15.589.7779.95
Real Estate8.498.0932.26
Financials10.697.8825.73
Industrials11.6010.0614.97
Consumer Staples23.7524.6313.90
Consumer Discretionary8.607.958.35
Health Care12.2011.297.93
Information Technology10.4111.354.47
Telecommunication Services13.5512.074.03
Energy8.978.28-0.10
Materials9.4311.14-0.76
3d5
  • China's Stock Market Is Flashing Too Many Warning Signs
  • Asia Stocks Mixed as China Growth Data Assessed: Markets Wrap
  • It is rash to expect a rerun of past stock market booms in China
  • Asian shares, dollar brace for China GDP
  • Chinese stocks are doing something they haven't done in 20 years
    3cc
  • Asia Stocks Mixed as China Growth Data Assessed: Markets Wrap
  • China's Stock Market Is Flashing Too Many Warning Signs
  • US earnings, G7 finance ministers, China GDP
  • Tech crunch could herald US 'earnings recession'
  • Why China Is a Bigger Problem for the Global Economy Than You ... 4
    466
  • China's Stock Market Is Flashing Too Many Warning Signs
  • S.Korea stocks lose steam as investors brace for China growth data
  • A Visual History of the Largest Companies by Market Cap (1999 ...
  • Asian firms dominate BCG's annual large-cap value creator's list
  • Small-Cap Stock Picks for an Expensive Market, According to ... 63

    Link to CHINA Macro Page 34

    CHINA country trades at 2019 simple average 13 PE Fy1 of 12.7 x a and 2020 13 PE Fy2 of 10.7 x 34

    CHINA country trades at 2019 simple average 16 EV/EBITDA of 6.8 x a and 2020 56 EV/EBITDA of 6.2 x

    In terms of Dividend yield CHINA country trades at 2019 1c Yield of 3.0 % and 2020 4d Dividend Yield of 3.3 %

    On ROE basis CHINA country trades at 2019 1b ROE of 10.5 % and 2020 10 ROE of 10.7 % 577
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    Largest Companies in CHINA by Market Capitalisation mn$

    17d0
    TickerCompanyCountryIndustrySubIndustryMarketCapUSDmn
    BABA USAlibaba Group Holding LtdCHINASoftware & ServicesInternet Software & Services456275.8
    700 HKTencent Holdings LtdCHINASoftware & ServicesInternet Software & Services442317.7
    1398 HKIndustrial & Commercial Bank of China LtdCHINABanksDiversified Banks295713.3
    2318 HKPing An Insurance Group Co of China LtdCHINAInsuranceLife & Health Insurance235804.2
    939 HKChina Construction Bank CorpCHINABanksDiversified Banks207380.7
    1288 HKAgricultural Bank of China LtdCHINABanksDiversified Banks181963.3
    857 HKPetroChina Co LtdCHINAEnergyIntegrated Oil & Gas174534.7
    3988 HKBank of China LtdCHINABanksDiversified Banks151096.4
    3968 HKChina Merchants Bank Co LtdCHINABanksDiversified Banks132862.6
    2628 HKChina Life Insurance Co LtdCHINAInsuranceLife & Health Insurance108003.6
    386 HKChina Petroleum & Chemical CorpCHINAEnergyIntegrated Oil & Gas93100.7
    883 HKCNOOC LtdCHINAEnergyOil & Gas Exploration & Produc77959.3
    3328 HKBank of Communications Co LtdCHINABanksDiversified Banks62335.5
    1088 HKChina Shenhua Energy Co LtdCHINAEnergyCoal & Consumable Fuels56674.1
    1339 HKPeople's Insurance Co Group of China Ltd/TheCHINAInsuranceProperty & Casualty Insurance53165.1
    2601 HKChina Pacific Insurance Group Co LtdCHINAInsuranceMulti-line Insurance45035.1
    BIDU USBaidu IncCHINASoftware & ServicesInternet Software & Services41564.3
    728 HKChina Telecom Corp LtdCHINATelecommunication ServicesIntegrated Telecommunication S40877.6
    6030 HKCITIC Securities Co LtdCHINADiversified FinancialsInvestment Banking & Brokerage39413.6
    1988 HKChina Minsheng Banking Corp LtdCHINABanksDiversified Banks39041.7

    Number of Companies in CHINA by Country by SubIndustry and Market Capitalisation mn$

    1299
    CountryIndustrySubIndustryNumber of companiesMarketCapUSDmn
    CHINAUtilitiesGas Utilities111068.2
    CHINAUtilitiesIndependent Power Producers &220004.1
    CHINAUtilitiesRenewable Electricity28353.4
    CHINATransportationAirlines231617.7
    CHINATransportationHighways & Railtracks212350.4
    CHINATransportationMarine211957.0
    CHINATransportationAirport Services13869.7
    CHINATelecommunication ServicesIntegrated Telecommunication S246338.0
    CHINATechnology Hardware & EquipmenCommunications Equipment119300.2
    CHINATechnology Hardware & EquipmenTechnology Hardware, Storage &19564.8
    CHINASoftware & ServicesInternet Software & Services4940158.1
    CHINASemiconductors & SemiconductorSemiconductors3191.6
    CHINASemiconductors & SemiconductorSemiconductor Equipment13920.3
    CHINARetailingDepartment Stores36668.5
    CHINARetailingComputer & Electronics Retail12266.3
    CHINARetailingAutomotive Retail16480.0
    CHINAReal EstateReal Estate Development9114718.2
    CHINAPharmaceuticals, BiotechnologyPharmaceuticals12172.1
    CHINAMaterialsAluminum215361.3
    CHINAMaterialsGold1038752.4

    Top Companies CHINA by Dividend Yield

    6dd
    TickerCompanyCountryIndustrySubIndustryDividendYld_fy1
    2777 HKGuangzhou R&F Properties Co LtdCHINAReal EstateReal Estate Development11.7
    3333 HKChina Evergrande GroupCHINAReal EstateReal Estate Development10.7
    3383 HKAgile Group Holdings LtdCHINAReal EstateReal Estate Development10.0
    386 HKChina Petroleum & Chemical CorpCHINAEnergyIntegrated Oil & Gas7.9
    3377 HKSino-Ocean Group Holding LtdCHINAReal EstateReal Estate Development7.5

    Cheapest Companies in CHINA on FY1 PE

    b70
    TickerCompanyCountryIndustrySubIndustryPE_fy1
    2777 HKGuangzhou R&F Properties Co LtdCHINAReal EstateReal Estate Development3.5
    3618 HKChongqing Rural Commercial Bank Co LtdCHINABanksRegional Banks4.0
    489 HKDongfeng Motor Group Co LtdCHINAAutomobiles & ComponentsAutomobile Manufacturers4.0
    1988 HKChina Minsheng Banking Corp LtdCHINABanksDiversified Banks4.0
    3900 HKGreentown China Holdings LtdCHINAReal EstateReal Estate Development4.2
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